Inflation tends to redistribute income from
A) savers to borrowers.
B) borrowers to savers.
C) homeowners to landowners.
D) parents to students.
A
You might also like to view...
In the figure above, to use fiscal policy to move the economy back to potential GDP, the government must increase government expenditure by ________ $1 trillion and/or decrease taxes by ________ $1 trillion
A) more than; more than B) less than; less than C) less than; more than D) exactly; exactly E) more than; less than The figure above shows an economy aggregate demand curve and aggregate supply curves.
The level of saving in the United States has historically been low relative to the level of domestic investment. Based on this information, we would expect that
A) U.S. private saving is less than its public saving. B) U.S. capital inflows are negative. C) U.S. net foreign investment has been relatively high. D) U.S. net exports have been relatively low.